It follows the brand's new partnership with New Guards Group.
Since launching in 2002, Opening Ceremony has become known for championing emerging and established designers from across the globe, from L.A.'s Rodarte and NYC's Alexander Wang to Paris' Kenzo and more recently, Mexico's Liberal Youth Ministry and Baby Angel. Sadly, international fashion lovers will need to find a new source for discovering cool talents as OC co-founders Carol Lim and Humberto Leon have announced that they're closing all of the conceptual retailer's brick-and-mortar locations, including in West Hollywood, this year.
In an email blast and series of Instagram posts this morning, the duo penned a personal letter explaining their decision to shutter all four of their stores "sometime in 2020." But that doesn't mean that OC is gone for good. Following the brand's new partnership with Farfetch-owned New Guards Group, the company will be "stepping back from multi-brand retail [and] focus on growing Opening Ceremony collection and brand."
New Guards Group recently acquired Opening Ceremony's intellectual property and trademark, according to Women's Wear Daily. The Italian luxury fashion production and distribution holding company is also a backer of streetwear brands Off-White and Palm Angels.
Leon and Lim continue: "We know our decision may surprise you and it may be interpreted in many different ways. Ultimately, in this time of immense change in the way people shop, we still believe in the power of passionate and unique retail. But we also believe in the necessity for change, reflection, and an opportunity to refresh. This is a moment of transition for Opening Ceremony and, together with our new partners, we are taking the chance to step back and evaluate the future of our Opening Ceremony retail experience. We are stepping back from multi-brand retail, for a moment, so we can come back with an experience that is just as inspiring, filled with love, and relevant for the years ahead as Opening Ceremony has been."
Inspired by the Olympics by featuring a rising label from a different country every year, OC's California-raised founders opened their first store in New York in 2002, followed by the L.A. outpost in April 2007. The boutique transformed the 1946-built building — previously Charlie Chaplin's dance studio — into a two-story haven featuring a shop-in-shop layout, while the charming "clapboard cabin" next door housed bags, footwear, jewelry, and other accessories.